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Cryptocurrencies Price Prediction: Ripple, Shiba & Bitcoin – American Wrap 09 July

Cryptocurrencies Price Prediction: Ripple, Shiba & Bitcoin – American Wrap 09 July
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Crypto-miner mayhem rages as BTC contemplates jump to $42,000

Bitcoin price has been on a slow downtrend since June 29 and recently came quite close to tagging a crucial demand zone. Now the flagship cryptocurrency is consolidating in hopes of triggering an exponential run-up.

Shiba Inu looks weak at the current price levels, SHIB may tag $0.00000751

Shiba Inu attempted to go for $0.00001000, but faded at $0.00000930. General markets turned to risk-off after FED minutes on Wednesday. SHIB is looking for support at around $0.00000769, where buyers might enter.

XRP Price Prediction: Ripple is done correcting, 30% gains on horizon

XRP price has tried multiple times to slice through the high probability reversal zone but failed. The most recent rejection occurred on July 4, and Ripple has been on a downtrend since then. This down move has led to a retest of the critical support barrier, which might trigger an upswing.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.